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BTC $77,394.07 +3.28%
ETH $2,428.15 +3.71%
BNB $642.25 +1.35%
XRP $1.48 +2.28%
SOL $89.07 +0.13%
TRX $0.3271 +0.00%
DOGE $0.1001 +1.51%
ADA $0.2606 +1.25%
BCH $454.78 +2.08%
LINK $9.64 +1.60%
HYPE $44.53 +2.59%
AAVE $116.59 +2.20%
SUI $1.01 +2.59%
XLM $0.1744 +4.57%
ZEC $326.75 -4.46%

Kaiko: The Bitcoin premium on Binance.US is a reflection of insufficient market liquidity

2023-05-10 22:05:49
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ChainCatcher news, Kaiko data shows that Bitcoin is trading at a 2.5% premium on Binance.US compared to other U.S. exchanges. Blockchain analytics firm Kaiko states that the premium trading of Bitcoin (BTC) on Binance.US is a sign of market illiquidity, rather than evidence of market makers exiting the platform. Speculation about market makers potentially leaving the platform is merely a rumor, as its market depth has not changed.

ChainCatcher previously reported that the trading premium for Bitcoin on the Binance.US market reached as high as $700. (source link)

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